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Chilean commission estimates copper price of $3.15 per lb in 2014

February 03, 2014 - 20:54 GMT Location: São Paulo

KEYWORDS: Chile , Cochilco

Chilean copper commission Cochilco has forecast an average copper price of $3.15 per lb for this year, citing falling inventories at metal exchanges, with estimates for 2015 at $3 per lb.

The range for copper prices would be between $3 and $3.3 per lb. The forecast is in line with the commission’s estimate in September 2012. "Copper stocks in metal exchanges (LME, Comex and Shanghai) have reported an ongoing decrease, from 589,000 tonnes...

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